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if an inventory balance in the balance sheet is $25,000. if the replacement cost is $28,000. the following statement is true a. realized profit of
if an inventory balance in the balance sheet is $25,000. if the replacement cost is $28,000. the following statement is true a. realized profit of $3,000 should be recognized in the balance sheet using current cost accounting O b. Unrealized profit of $3,000 should be recognized in the balance sheet using current cost accounting C. Unrealized profit of $3,000 should be recognized in the income statement using current cost accounting O d. realized profit of $3,000 should be recognized in the income statement using current cost accounting CLEAR MY CHOICE
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